Gbpjpy_outlook
GBPJPY is Bullish, But we expect bearish retracement Till 158.GBPJPY is Bullish, But we expect bearish retracement Till 158.000
Price break the Level 158.000 and Go till 164.000, Now we expect the retracement or retest of 158. It would be a good trade option to sell till 158.
Please manage your risk. price may go into the opposite direction.
GBPJPY (D) SHORTHello, on the daily overall we want to see sells for this week but although I will want to see a proper bullish candle close outside the major trend lines for a proper break and retest. But overall the GJ is sited on 50% retrenchment level which indicates a reservation but also structure does it too show. Although I meant expect a small bullish movement before making the overall move.
But either way bears are so ready!
Share with me your thoughts.
Note : Jesus loves you and died for you❤️
GBPJPY (LONG TERM INVESTMENT)Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the right now money. GJ just broke the monthly TRENDLINE and we are looking to see bears take over next month and also retest of the TRENDLINE, and divergence has also been spotted ( circled in red) both on the RSI & Market Structure
NOTE: THIS IS OVERALL STRUCTURE BUT MINOR STRUCTURE MOVES ALWAYS OUT FASTER.
GBPJPY LONGBy looking at the price action, its easy to see that the pair has been moving in a bearish direction for serval days. Current price action suggests that we might be in for a short term bullish correction.
We have spotted the formation of an inverse head and shoulder pattern on the Daily chart and when we move to the H4 time frame, this pattern is more clearer. Another reason for our bullish short term
basis is because we have spotted a change in market structure from bearish to bullish as per our key level. We will be looking for an entry on the retest of this key level. The target for this trade is around
high of the previous month. The risk reward for this trade currently stands at 7.87 to 1. We plan to hold until target or close manually as per our trading plan rules.
GBPJPY(D)Hello, am so happy with GJ it finally broke the major monthly trendline, it retested on the small time frames and is up 158.739 I predicted this weeks back there are links below how i came to this conclusion. GOD IS SO GOOD! I came to this conclusion solely using market structure and other confluences. I wish you happy trading although we meant see a price reversal coming soon with the BEARS. But as always trade what you see not what you think and above all ask GOD for wisdom, He will show you
Share with me your views.
GJ Long Term TradeGJ Is moving towards to its Supply Area, This week we can either see a reverse from its supply area or its makes a new High this week !
Structure is completely Bullish right now, So we can take a Sell from its Supply Area.
SL is 66 pips so manage your RR according to your Account Balance.
Good Luck for the week !
GBPJPY has formed a Fish pattern!!GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji.
If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as support and may start to move up.
On the other hand, If it is a false breakout to the upside, we may see a big candle to the down. If so, we will wait for a retest fo the broken resistance ( 155.80)and will look for short.
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Thank you.
GBPJPY Long BiasGBPJPY is on bearish trend and mainly for fundamental reasons.
the pair looks to be showing some reverse double bottom and the neckline retested.
My idea here is to wait if the the it has able break out of the resistance trendline.
The currently price is on strong level of Fibonacci 0.50 which the market is holding.
then wait for the retest to long GBPJPY.
The target could be around 155.00
What do you think of GBPJPY for next week?
GBPJPY LONG (4HR)Hello, right now price is making an impulsive move and we want to see price break and retest, as price is on a sensitive area where it has tested as support and resistance several times in the past so we know price moves in three direction impulsive, correction and continuation. As of now we are in an impulsive move but hope to see correction and continuation to the top break major trend line and then a bearish move although that could take sometime. Basis made on market structures
I would love to connect with you all, share opinions ❤️
Jesus loves you and died for you❤️
GBPJPY- Bullish divergence and oversold CCI Analysis-
The CCI (50) and Woodies CCI below zero level in Woodies CCI in the 4 -hour chart. It confirms the bearish trend.
Technical:
The immediate resistance is around 152, any break above targets 152.25/152.75/153.35/154. Significant bullish continuation if it breaks 155.30. On the lower side, near-term support is at 151. Any indicative violation below targets 150/149.
GBPJPY continues to trade lower for the past three days and lost more than 300 pips on the weak Pound sterling.
DISCLAIMER: ((trade based on your own decision ))
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